BNY Mellon Wealth Management Appoints Vincent Hayes as Head of Global Family Office

Rhea-AI Summary

BNY Mellon Wealth Management has appointed Vincent Hayes as Head of the Global Family Office segment, effective immediately. He joins from the Family Office Exchange and brings over 20 years of financial services experience. Hayes will report to Catherine Keating, CEO of Wealth Management. This strategic move aims to enhance service to family offices, a key client segment for BNY Mellon, which manages approximately $265 billion in client assets. Hayes' background in commodities and family office advisory is expected to bring valuable insights to BNY Mellon.

Positive

• Vincent Hayes brings over 20 years of experience in financial services, enhancing leadership strength.
• Strategic focus on the Global Family Office segment may lead to increased client engagement.
• The appointment is expected to leverage Hayes' expertise, potentially improving service delivery.

Negative

• Transitioning leadership may create temporary disruption in service continuity.

NEW YORK, Dec. 9, 2020 /PRNewswire/ -- BNY Mellon Wealth Management has appointed Vincent Hayes as Head of the Global Family Office segment. Vincent will join the Wealth Management leadership and will report to Catherine Keating, the CEO of Wealth Management.

Vincent brings two decades of financial services experience to the role. He joins BNY Mellon from the Family Office Exchange (FOX) where he served as Managing Director. His responsibilities spanned member and program development as well as advice to family offices. Prior to FOX, he served in the commodities and futures industry with experiences at R.J. O'Brien & Associates, the country's largest commodities firm, as well as at AGN Futures where he launched the firm's high net worth client business.

"BNY Mellon has served family offices for generations and we are delighted to have Vincent join us in this important client segment," said Catherine Keating, CEO of BNY Mellon Wealth Management. "Vincent brings strong knowledge of family offices as well as a deep appreciation for the practices that sustain family success over time."

An active participant in his local non-profit community, Vincent serves as a member of the board at Atlantic Impact, which increases academic, economic, and professional opportunities for underprivileged Detroit students. He holds further roles as Chair of the Economic Development & Jobs Subcommittee for the South Loop Advisory Council of Chicago, an active supporter and fundraiser for the Leukemia and Lymphoma Society and a member of the United States Tennis Association.  

ABOUT BNY MELLON WEALTH MANAGEMENT

For more than two centuries, BNY Mellon Wealth Management has provided services to financially successful individuals and families, their family offices and business enterprises, planned giving programs, and endowments and foundations. It has $265 billion in total client assets, as of Sept. 30, 2020, and an extensive network of offices in the U.S. and internationally. BNY Mellon Wealth Management, which delivers leading wealth advice across investments, banking, custody, and wealth and estate planning, conducts business through various operating subsidiaries of The Bank of New York Mellon Corporation. For more information, visit www.bnymellonwealth.com or follow us on Twitter @BNYMellonWealth.

ABOUT BNY MELLON

BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment and wealth management and investment services in 35 countries. As of Sept. 30, 2020, BNY Mellon had $38.6 trillion in assets under custody and/or administration, and $2.0 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.

Media Contact: 
Ben Tanner
212-635-8676
Ben.Tanner@bnymellon.com

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SOURCE BNY Mellon Wealth Management

FAQ

Who has been appointed as Head of the Global Family Office at BNY Mellon?

Vincent Hayes has been appointed as Head of the Global Family Office segment.

What experience does Vincent Hayes bring to BNY Mellon?

Vincent Hayes brings over 20 years of experience in financial services, including previous leadership at the Family Office Exchange.

What is the significance of the Global Family Office segment for BNY Mellon?

The Global Family Office segment is crucial as it enhances BNY Mellon’s service offerings to high-net-worth clients and families.

Who will Vincent Hayes report to at BNY Mellon?

Vincent Hayes will report to Catherine Keating, the CEO of Wealth Management.

What is the total client asset value managed by BNY Mellon Wealth Management?

As of September 30, 2020, BNY Mellon Wealth Management manages approximately $265 billion in client assets.